Shareholders in fishing companies at risk from fisheries over-exploitation: Research



Shareholders in the world’s major publically-listed fishing companies are exposed to risk from overfished fish stocks, with many of these stocks underperforming or at risk of collapse, a new study reveals.

The report, produced by the Fish Tracker Initiative in collaboration with the Sea Around Us, states that 32 per cent of the 97 stocks targeted by fishing giants such as South Korea’s Dongwon Industries and Silla Co., Norway’s Austevoll Seafood, and Canada’s Clearwater Seafoods are overfished.

“This is an important finding because it matches the global average. Globally, at least 31 per cent of fish stocks are overfished and we would have thought that large publicly listed fishing companies like the largest 19 identified here, whose combined annual revenues exceed $4 billion, as well as institutional investors would not be exposed to this, but they are,” says Tim Cashion, a scientist with the Sea Around Us who led the fisheries research in the report.

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Illegal foreign fishing and lack of reporting threaten Sierra Leone’s fisheries sector

Photos from Wikimedia Commons.

Photos from Wikimedia Commons.

Illegal fishing accounts for about 30 per cent of catches by industrial foreign fleets in Sierra Leone, says a new study published in Marine Policy.

The paper states that, in the past decade, industrial foreign vessels have increased their presence and illegal activities in Sierra Leonean waters either on their own or by enticing small-scale fishers into illicit partnerships, such as acting as transshipment vessels in nearshore areas.

Reduced monitoring, control, and surveillance, related to the withdrawal of development aid, is spurring unlicensed operations, researchers say. The study estimates that more than 42,000 tonnes of fish were caught illegally in 2015 alone.

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Size matters: the impact of artisanal fisheries in West Africa

Trends in West Africa Fisheries

Some artisanal fleets in West Africa have grown so much in terms of number of boats, vessel size and capacity, and the aggregate engine power that they deploy that they have become comparable to the smaller industrial fleets operating in the region.

A new study by the Sea Around Us project reveals that, in the past 60 years, total artisanal fishing effort in the waters that extend from the coast of Morocco to the coast of Angola has increased by 10-fold.

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“An Ocean Mystery: The Missing Catch” to screen at UBC

Missing Catch invitation 2

Following its premiere on Earth Day at the Smithsonian National Museum of Natural History and on the Smithsonian Channel, award-winning ocean conservation film An Ocean Mystery: The Missing Catch will screen in Vancouver on April 28, 2017.

Join the Sea Around Us for this free screening at UBC’s Institute for the Oceans and Fisheries – in the AERL Lecture Theatre (Room 120), 2202 Main Mall. Screening will start at 11 a.m. RSVP REQUIRED.

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